LaserCard gets $15M order for Italy ID cards

GabrielMadway

SAN FRANCISCO (MarketWatch) -- LaserCard Corp.
lcrd
after Monday's closing bell said it has received a $15 million order for optical memory cards for use in Italy's two national identification programs, one for a citizen ID card and one for a new foreign worker ID card. Mountain View, Calif.-based LaserCard said deliveries under the foreign worker ID program are scheduled to be completed in April, 2006. The company expects shipments to represent up to $5 million a year in revenues once the program is fully implemented. Deliveries of cards for the citizen ID program are scheduled to be completed in December. The company anticipates that full implementation of the program will result in card shipments of $40 million a year.

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